CLEAR Secure, Inc. (NYSE:YOU) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its holdings in CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 132.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,681 shares of the company's stock after acquiring an additional 13,499 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in CLEAR Secure were worth $614,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in YOU. Harbour Investments Inc. boosted its position in CLEAR Secure by 23.0% in the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock worth $64,000 after purchasing an additional 450 shares in the last quarter. Maryland State Retirement & Pension System lifted its stake in shares of CLEAR Secure by 1.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 31,661 shares of the company's stock valued at $843,000 after purchasing an additional 509 shares during the period. Commonwealth Equity Services LLC boosted its holdings in CLEAR Secure by 3.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 18,737 shares of the company's stock worth $499,000 after buying an additional 612 shares in the last quarter. Fifth Third Bancorp grew its position in CLEAR Secure by 217.0% during the first quarter. Fifth Third Bancorp now owns 1,116 shares of the company's stock valued at $29,000 after buying an additional 764 shares during the period. Finally, SRS Capital Advisors Inc. increased its holdings in CLEAR Secure by 56.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock valued at $57,000 after buying an additional 766 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company's stock.

Insiders Place Their Bets

In related news, Director Adam Wiener sold 3,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $27.50, for a total value of $82,500.00. Following the sale, the director directly owned 212,634 shares in the company, valued at approximately $5,847,435. The trade was a 1.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kenneth L. Cornick sold 315,591 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $25.02, for a total transaction of $7,896,086.82. Following the transaction, the director directly owned 64,935 shares of the company's stock, valued at approximately $1,624,673.70. This trade represents a 82.94% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 960,964 shares of company stock valued at $24,238,299. Company insiders own 39.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on YOU shares. Telsey Advisory Group reiterated an "outperform" rating and set a $32.00 price target on shares of CLEAR Secure in a research report on Friday, May 9th. Wall Street Zen raised shares of CLEAR Secure from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Needham & Company LLC reiterated a "buy" rating and set a $45.00 price objective on shares of CLEAR Secure in a research note on Monday, March 24th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, CLEAR Secure presently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

CLEAR Secure Stock Performance

Shares of NYSE:YOU traded down $0.25 during midday trading on Monday, hitting $28.75. The company's stock had a trading volume of 681,391 shares, compared to its average volume of 2,056,147. The company has a market cap of $3.82 billion, a P/E ratio of 17.97 and a beta of 1.25. CLEAR Secure, Inc. has a 12-month low of $18.23 and a 12-month high of $38.88. The business's 50 day simple moving average is $25.55 and its 200 day simple moving average is $25.39.

CLEAR Secure (NYSE:YOU - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.04). CLEAR Secure had a return on equity of 115.09% and a net margin of 21.96%. The firm had revenue of $211.40 million for the quarter, compared to analyst estimates of $208.02 million. During the same quarter in the previous year, the business posted $0.28 earnings per share. CLEAR Secure's revenue for the quarter was up 18.1% on a year-over-year basis. On average, sell-side analysts predict that CLEAR Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

CLEAR Secure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 10th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Tuesday, June 10th. CLEAR Secure's dividend payout ratio (DPR) is presently 31.25%.

CLEAR Secure Company Profile

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.